All Retail articles – Page 12
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News
Student housing deals outstrip retail to hit record £8.7bn in 2022
UK student housing deal volumes reached a record £8.7bn last year, exceeding retail deals for the first time ever, according to research released by MSCI.
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News
B&M agrees £13m takeover deal for 51 Wilko stores
Discount retailer B&M has agreed a £13m deal with administrators to acquire 51 Wilko stores.
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News
Lidl opens its largest-ever distribution centre in Luton
Budget supermarket giant Lidl has opened its largest-ever warehouse in Houghton Regis, Luton.
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News
The Works reports 40% profit drop after business rates hit
The Works, the arts, gifts, books and stationery retailer, has partly blamed an extra £5.8m in business rates payments for a 40% drop in adjusted pre-tax profits to £10.1m for the year to 30 April.
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News
Notting Hill vegetarian restaurant on the table at Barnard Marcus sale
Barnard Marcus’ next auction on 11 September features a property in the heart of London’s Notting Hill, let for 25 years to a vegetarian restaurant and retail operator.
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News
Hammerson issues £100m bond tap of existing £200m bonds maturing 2028
Hammerson has priced a £100m increase of its existing £200m 7.25% coupon bonds maturing in 2028, resulting in an outstanding notional of £300m.
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News
Wilko makes 269 roles redundant but nears Putman rescue deal
Wilko is making 269 support centre team member roles redundant, effective from 4 September, while its administrators are consulting creditors on the terms of a rescue deal with HMV’s Doug Putman, Property Week understands.
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News
German investor snaps up Manchester’s 196 Deansgate in £25m office deal
Commercial Estate Group (CEG) has sold the 196 Deansgate office building in Manchester to AM alpha for a figure believed to be close to £25m.
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News
M&S opens legal challenge against Gove’s Marble Arch decision
M&S today launched a High Court legal challenge against the government’s decision to reject its planning application to demolish and replace its flagship London Marble Arch store.
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News
Persimmon drops from FTSE 100 as M&S joins
Housing giant Persimmon has dropped from the FTSE 100 Index following the September 2023 quarterly review, alongside Abrdn, Hiscox, and Johnson Matthey, and will leave the index on 18 September.
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Insight
Revive retail with co-working spaces
Editor: The UK high street, a symbol of community and commerce, has undeniably faced a series of challenges in recent years.
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News
‘Material uncertainty’ over future of Pizza Hut’s UK restaurants
Pizza Hut UK’s auditors have fired a warning shot about the future of the 150-store UK restaurant business due to fears over mounting debt.
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Online
Shaftesbury Capital to sell £100m-plus Fitzrovia portfolio
Shaftesbury Capital has instructed CBRE to sell the group’s Fitzrovia assets in London for in excess of £100m, according to reports.
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News
M2 bids for Wilko amid ‘appetite to invest in turning the ailing brand around’
Private equity firm M2 Capital has made a last-minute £90m bid for Wilko, with a pledge to retain all employees’ jobs for two years, according to a report by The Guardian.
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News
HMV owner steps in with last-minute bid for parts of financially stricken Wilko
HMV owner Doug Putman has reportedly stepped in at the last minute with a bid to purchase parts of financially stricken budget retailer Wilko.
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News
Ikea Oxford Street opening pushed back over ‘complex’ renovations
The much-anticipated opening of Ikea’s Oxford Street store has been pushed back until next year due to the complexity of the renovations required for the building.
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News
St Helens council wins CPO battle with pub unlocking town centre regeneration plans
A government planning inspector has ruled in favour of St Helens Borough Council’s compulsory purchase order (CPO) for a pub to make way for a major town centre redevelopment.
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News
Capital & Regional raises £25m for The Gyle Shopping Centre acquisition
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has raised £25m through an open offer of shares to part fund the acquisition of The Gyle Shopping Centre.
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Online
AshbyCapital refinances £50m retail park
AshbyCapital has refinanced two of its retail parks with a three-year, £50m loan facility provided by Deutsche Hypo.
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News
‘Majority’ of Wilko stores to close as administrators fail to find buyer
The majority of Wilko stores will close after administrators failed to find a buyer willing to take over the budget retail high-street giant.